Aecom Technology Corporation (ACM)
Solvency ratios
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 5.52 | 5.24 | 5.21 | 5.07 | 5.08 | 4.65 | 4.39 | 4.46 | 4.50 | 4.59 | 4.42 | 4.56 | 4.33 | 4.42 | 4.25 | 4.30 | 3.95 | 3.48 | 3.71 | 4.15 |
The solvency ratios of Aecom Technology Corporation, as indicated by the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio, have consistently been recorded as 0.00 across various reporting periods. This suggests that the company has been operating with minimal or no debt relative to its assets, capital, and equity during the periods analyzed.
However, the financial leverage ratio fluctuates over the reporting periods, ranging from 3.48 to 5.52. A higher financial leverage ratio indicates a higher proportion of debt in the company's capital structure, which may pose higher financial risk. The downward trend in the financial leverage ratio from 5.52 in September 2024 to 3.48 in September 2020 might suggest a decrease in the company's reliance on debt financing over time.
Overall, Aecom Technology Corporation appears to have maintained a conservative approach to debt usage, reflected in its consistently low debt ratios and a somewhat decreasing trend in the financial leverage ratio over the past few years.
Coverage ratios
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.65 | — | 12.69 | 26.90 | 41.82 | 8.68 | 19.31 | — | — | 19.31 | 60.45 | 58.11 | 51.61 | 40.67 | 51.38 | 53.11 | 51.55 | 51.48 | 48.35 | 45.25 |
The interest coverage ratio for Aecom Technology Corporation has displayed a fluctuating trend over the period analyzed. In general, the company has maintained a healthy interest coverage ratio, indicating its ability to meet its interest obligations comfortably.
Specifically, the interest coverage ratio for the most recent period, ending September 30, 2024, was 7.65, which suggests that the company generated 7.65 times the earnings to cover its interest expenses. This represents a slight decline compared to the preceding quarter but still indicates a reasonable ability to service its interest payments.
Looking at historical data, the interest coverage ratio has shown significant variability, with ratios ranging from a low of 7.65 to a high of 60.45 over the past few years. The ratio peaked in the first quarter of 2022, indicating a robust ability to cover interest costs during that period.
It is important to note that the absence of a recorded interest coverage ratio for certain quarters may indicate varying financial conditions or reporting practices during those periods. Nonetheless, the overall trend of the interest coverage ratio for Aecom Technology Corporation reflects a generally solid financial position in terms of its ability to handle interest expenses.